§ 114. Tests for determining insolvency
Oklahoma Statutes AnnotatedTitle 24. Debtor and Creditor
24 Okl.St.Ann. § 114
§ 114. Tests for determining insolvency
C. A partnership is insolvent pursuant to the provisions of subsection A of this section if the sum of the partnership's debts is greater than the aggregate, at a fair valuation, of all of the partnership's assets and the sum of the excess of the value of each general partner's nonpartnership assets over the partner's nonpartnership debts.
D. Assets pursuant to the provisions of this section do not include property that has been transferred, concealed, or removed with intent to hinder, delay, or defraud creditors or that has been transferred in a manner making the transfer voidable pursuant to the provisions of the Uniform Fraudulent Transfer Act.
Credits
Laws 1986, c. 100, § 3, eff. Nov. 1, 1986.
24 Okl. St. Ann. § 114, OK ST T. 24 § 114
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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